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3. Section 2 -12._, subsection (c), of Bill No. 26 is amended to read: <br />"(c) The director of finance shall provide the [ „n.,,,dite , unassigne bud eg tart/ fund balance <br />and the fund balance designated for a future year, as separate line items, in a written <br />report to the council no later than October 15 for the preceding fiscal year. This report <br />shall be presented to the committee designated to review financial matters as soon as <br />practicable after its receipt. In the absence of council committees, the report shall be sent <br />to the council in the same time frame." <br />4. Section 2 -12._, subsection (d), of Bill No. 26 is amended to read: <br />"(d) The director of finance shall provide the Comprehensive Annual Financial Report <br />(CAFR) containing the audited[ ed ] fund balance to the council no later <br />than December 31 for the preceding fiscal year. This report shall be presented to <br />the committee designated to hear financial matters, or in the absence of council <br />committees, the report shall be sent to the council as soon as practicable after its <br />receipt." <br />A draft copy of Bill No. 26, Draft 2, is attached with the proposed amendments incorporated <br />therein. <br />BJF /dkr <br />att. <br />